Ondo

OUSG

Maple

Solana

Libre

Hamilton Lane, one of the largest investment firms globally with over $900 billion in assets under management, announced the launch of its private credit fund on the Solana blockchain on Tuesday. Investors can now access the firm’s Senior Credit Opportunities Fund (SCOPE) via Solana, according to a press release shared with BSCN.
Hamilton Lane has partnered with Libre, a Web3 protocol for issuing and distributing funds on-chain, to facilitate this move. Libre is a joint venture between hedge fund Brevan Howard’s WebN Group and financial services giant Nomura’s Laser Digital.&nbsp;
&nbsp;
This partnership aims to tokenize SCOPE, offering deeper distribution by accessing "mass affluent, crypto-native" traders, according to Libre's CEO, Dr. Avtar Sehra.
&nbsp;
This isn’t Hamilton Lane’s first blockchain venture. The firm previously tokenized SCOPE and an equity fund via digital securities issuance platform Securitize.&nbsp;
<h2 dir="ltr" id="span-span-benefits-of-tokenization-span-span">Benefits of Tokenization</h2>
Tokenizing the SCOPE fund allows Hamilton Lane to attract a new audience. Libre’s infrastructure connects tokenized real-world assets (RWAs) to users, enabling accredited, professional, and institutional investors on networks like Solana to directly access top-tier funds on-chain in a fully compliant manner. This includes ancillary services for secondary trading and collateralized lending where available.
&nbsp;
<blockquote>
 "Libre's launch on Solana democratizes access to high quality financial products with lower minimums to a global investor base,” said Nick Ducoff, Head of Institutional Growth at the Solana Foundation. “By leveraging the Solana blockchain's high performance, speed, and security, Libre enables accredited investors to access a wide range of top-tier private funds directly onchain.”
</blockquote>
Libre’s integration with Solana will provide users access to the on-chain Hamilton Lane SCOPE fund, as well as the Brevan Howard Master Fund and Blackrock ICS Money Market Fund. This expansion marks the first institutional alternative RWA fund on Solana. Prior to the public launch, the expansion had garnered nearly $20 million in total locked value (TVL).
<h2 dir="ltr" id="span-span-solana-s-appeal-span-span">Solana’s Appeal</h2>
Solana’s low latency and high throughput capabilities make it a compelling network for tokenization. Before now, Solana users could access tokenized funds through Ondo Finance, which tokenizes U.S. Treasury bills.&nbsp;
&nbsp;
Ondo launched yield-bearing USDY and OUSG on Solana, with OUSG backed by the $95 million BlackRock USD Institutional Digital Liquidity Fund. However, Hamilton Lane’s SCOPE fund is the first institutional fund launched directly on Solana.
&nbsp;
<blockquote>
 "Solana's importance to financial services is quite significant around secondary trading. They have developed the chain for capabilities of increasing throughput, so the number of transactions per second, and also the reduction of the latency between transactions," said Avtar Sehra
</blockquote>
While SCOPE targets high net worth investors, some industry experts are skeptical about the demand for tokenized financing platforms. Issuers of tokenized private credit like Maple and Centrifuge have faced challenges selling to crypto natives, who often prefer assets with shorter lock-up periods and higher returns.&nbsp;

Hamilton Lane With $900B AUM Unveils SCOPE Fund on Solana

Table of Contents

BSCN

Άλλα άρθρα που δημοσιεύτηκαν στις 26 Ιουλ 2024

What’s the big deal with a Solana ETF?

Yona Network Integrates with Babylon Chain to Bridge Bitcoin and Solana

Bitcoin mining will thrive under a Trump administration — MARA CEO

SEC Chairman Gary Gensler May Resign as Trump Readies for 2025 Presidential Term

Bitcoin Statement from the US Independent Presidential Candidate: 'If I am elected, I will buy as...

Do Dogecoin and Shiba Inu Still Have It? Experts Predict the Next 10,000% Surge Stories in These ...

Join our free newsletter for daily crypto updates!